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Springwood Estates INC

Tax-deductible

Rockledge, FL501(c)(3)Human Services EIN 59-2193020Revenue $250K in FY2024

On file with the IRS1694 Cedar St, 32955-3131 · Rockledge, FLTax-exempt since Jul 1981Publicly supported charity — 170(b)(1)(A)(vi)

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Housing and longterm care for developmentally disabled persons.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $54K a year · 23% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$81K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$250K
+5% vs prior year
Spent
$196K
To programs
55%
Net assets
$547K
By yearFY2020–FY2024
Revenue
$250K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$219K
FY2021$217K
FY2022$234K
FY2023$239K
FY2024$250K
Expenses
$196K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$145K
FY2021$129K
FY2022$200K
FY2023$217K
FY2024$196K
Net assets
$547K
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$351K
FY2021$439K
FY2022$472K
FY2023$493K
FY2024$547K

From the FY2024 Form 990 (year ending September 2024) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $108K Management & general 45% · $88K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Bob Walters
Board of Directors
$0Pt VII · Sec A
David D Prather
Board of Directors
$0Pt VII · Sec A
Alec Russell
Board of Directors
$0Pt VII · Sec A
Patricia Akram
Board of Directors
$0Pt VII · Sec A
$0Pt VII · Sec A
Gina Rall
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Cheryl Bornemann
Board of Directors
$0Pt VII · Sec A
See Springwood Estates INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing and long-term care for people with developmental disabilities.

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Provided by the organization

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1 program · $108K · in their own filed words · FY2023
01

Housing and longterm care for developmentally disabled persons

$108Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$250K
Ln 12
Fees for servicesLn 2g$250K
Money outPt IX
$196K
Ln 25
Programscol B$108K
Managementcol C$88K
Owns and owesPt X
$547K
net assets · Ln 32
Cash and savingsLn 1–2$246K
Total assetsLn 16$628K
LiabilitiesLn 26$81K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$250K
Total revenueLn 12$250K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$239K
Cash and savings togetherLn 1–2$246K
Land, buildings, equipmentLn 10c$234K
Other assetsLn 15$530
Total assetsLn 16$628K
LiabilitiesLn 26$81K
Net assetsLn 32$547K
OperationsPt I, VI
EmployeesI 561
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$271K$246K
Land, buildings, equipmentLn 10c$247K$234K
Total assetsLn 16$560K$628K
LiabilitiesLn 26$67K$81K
Net assetsLn 32$493K$547K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$80K$80K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$245$245
Office expensesLn 13$3K$3K
OccupancyLn 16$31K$31K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$53K$53K
Total functional expensesLn 25$196K$108K$88K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $250K$196K$54K$547K 990 PDF
FY2023 $239K$217K$21K$493K 990 PDF
FY2022 $234K$200K$34K$472K 990 PDF
FY2021 $217K$129K$88K$439K 990 PDF
FY2020 $219K$145K$74K$351K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $250,432 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $238,576$250,432
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $238,576$250,432
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,387$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $216,005$196,424
I-18 Total expensesPrior year $217,392$196,424
I-19 Revenue less expensesPrior year $21,184$54,008
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $250,432 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $250,432$250,432
VIII-12 Total revenueRelated to mission $250,432 · Unrelated business $0 · Excluded from tax $0$250,432
Part IX · Statement of functional expenses $196,424 across 8 lines filed
IX-11a Management feesManagement $80,340$80,340
IX-11c Accounting feesManagement $7,800$7,800
IX-11g Other fees for servicesManagement $245$245
IX-13 Office expensesPrograms $3,250$3,250
IX-16 OccupancyPrograms $31,243$31,243
IX-22 Depreciation, depletion and amortizationPrograms $13,370$13,370
IX-23 InsurancePrograms $7,361$7,361
IX-24 Other expenses (24a–d)Programs $52,815$52,815
IX-25 Total functional expensesPrograms $108,039 · Management $88,385 · Fundraising $0$196,424
Part X · Balance sheet $628,085 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $40,767$6,800
X-2 Savings and temporary cash investmentsStart of year $230,052$239,280
X-4 Accounts receivableStart of year $18,802$95,365
X-9 Prepaid expenses and deferred chargesStart of year $22,318$52,108
X-10c Land, buildings and equipment, netStart of year $247,372$234,002
X-15 Other assetsStart of year $530$530
X-16 Total assetsStart of year $559,841$628,085
X-17 Accounts payable and accrued expensesStart of year $38,061$50,932
X-25 Other liabilitiesStart of year $5,055$6,421
X-26 Total liabilitiesStart of year $66,532$80,768
X-27 Net assets without donor restrictionsStart of year $493,309$547,317
X-32 Total net assets or fund balancesStart of year $493,309$547,317
X-33 Total liabilities and net assetsStart of year $559,841$628,085
Part XI · Reconciliation of net assets $547,317 net assets at year end
XI-1 Total revenue$250,432
XI-2 Total expenses$196,424
XI-3 Revenue less expenses$54,008
XI-4 Net assets at start of year$493,309
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$547,317

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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